Spread before costs (cost unknown: a leg has no order-book sample)+0.213%
7d average—if it closes, per $10,000$21funding while held, a day−$0.47
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni ALGO | 0.1119 | 0.0096 | pay 0.0096% / 8h | 7h 03m | $65K | $104K | — |
| Short | GMX ALGO/USD [WBTC.b-USDC] | 0.1122 | L +0.0156% / S −0.0080% | get 0.0010% / 1h | 3m 47s | $5K | — | 100x |
Price spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $21.33
- Funding while held
- −$0.47
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $8.86
- Spread needed to break even
- 0.120%
Slippage unknown: Variational Omni: RFQ quote, 41 min ago; GMX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0016%
- Per $10,000 a day
- −$0.47
- Average in range /8h
- —
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Variational Omni RFQ quote, 41 min ago | 4.47 bp | doesn't fit | 49.2 bp −$492 | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
ALGO price on every exchange
against the cheapest. Click to use as the short leg.ALGO on 22 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit ALGOUSDT | −0.006% | +0.0066% | 8h | $11.4M | $13.0M | 75x | as long as short |
| Variational Omni ALGOlong | 0.000% | +0.0096% | 8h | $65K | $104K | — | |
| OKX ALGO-USDT-SWAP | +0.021% | +0.0100% | 8h | $3.0M | $8.8M | 50x | as long as short |
| Gate ALGO_USDT | +0.030% | +0.0100% | 8h | $844K | $943K | 50x | as long as short |
| BingX ALGO-USDT | +0.048% | +0.0100% | 8h | — | $3.1M | — | as long as short |
| Binance ALGOUSDT | +0.055% | +0.0100% | 8h | $10.4M | $36.6M | 75x | as long as short |
| KuCoin ALGOUSDTM | +0.057% | +0.0100% | 8h | $3.6M | $1.7M | 50x | as long as short |
| MEXC ALGO_USDT | +0.066% | +0.0100% | 8h | $22.2M | $3.5M | 200x | as long as short |
| Extended ALGO-USD | +0.077% | +0.0104% | 1h | $6K | $207K | 10x | as long as short |
| Coinbase International ALGO-PERP-INTX | +0.111% | +0.0064% | 1h | $61K | $400K | 50x | as long as short |
Show all 22 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| HTX ALGO-USDT | +0.137% | +0.0100% | 8h | $67K | $108K | 75x | as long as short |
| Bitget ALGOUSDT | +0.146% | +0.0100% | 8h | $5.6M | $3.9M | 75x | as long as short |
| Aster ALGOUSDT | +0.152% | +0.0100% | 8h | $44K | $74K | 5x | as long as short |
| BloFin ALGO-USDT | +0.164% | +0.0220% | 8h | $508K | $781K | 75x | as long as short |
| Deribit ALGO_USDC-PERPETUAL | +0.191% | −0.0107% | 1h | $101K | $55K | 25x | as long as short |
| dYdX ALGO-USD | +0.207% | +0.1124% | 1h | $161K | $6K | 5x | as long as short |
| gTrade (Gains Network) ALGO/USD | +0.211% | L +0.0001% / S +0.0003% | 1h | $7K | — | 150x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC]short | +0.213% | L +0.0156% / S −0.0080% | 1h | $5K | — | 100x | |
| Kraken Futures PF_ALGOUSD | +0.238% | −0.0505% | 1h | $842K | $1.7M | 50x | as long as short |
| Hyperliquid ALGO | +0.245% | +0.0100% | 1h | $3.6M | $2.2M | 5x | as long as short |
| Phemex ALGOUSDT | +0.325% | +0.0100% | 8h | $3.8M | $1.9M | 50x | as long as short |
| Injective ALGO/USDC PERP | +0.861% | +0.0033% | 1h | $841 | $115K | 12x | as long as short |
Variational Omni ALGO
GMX ALGO/USD [WBTC.b-USDC]
Bybit
OKX
Gate
BingX
Binance
KuCoin
MEXC
Extended
Coinbase International
HTX
Bitget
Aster
BloFin
Deribit
gTrade (Gains Network)
Kraken Futures
Hyperliquid
Phemex
Injective